Cull, Robert; Xu, Lixin Colin; Zhu, Tian - Economics Research, World Bank Group - 2007
formal financial intermediaries and extension of trade credit. Poorly performing state-owned enterprises were more likely to … redistribute credit to firms with less privileged access to loans through trade credit, a pattern consistent with some of the … extension of trade credit being involuntary. By contrast, profitable private domestic firms were more likely to extend trade …